Emerging Technology
- Submitted by: kalyanmitra1
- Views: 380
- Category: Science
- Date Submitted: 09/08/2012 09:48 PM
- Pages: 5
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Introduction
JP Morgan Chase is a global leader in financial industry. It has footprints in more than 100 countries in the world. It’s commitment to technology and innovation is renowned, as per Business Week, it ranks among the top 50 most innovative company in the world. There is not even one single business activity which is not empowered and enhanced by the technologists.
In 2011, the company was honored in the Innovation in Banking Technology awards, by The Banker magazine. The company recently won two American Financial Technology Awards (AFTA), for the Best IT Integration (Merger) Initiative.
As per Pete Cherasia, Head of Market Strategy, “Our goal is to be the best at what we do - to be innovative, efficient and responsive to the needs of the business.”
Technologies that have affected the company, changed the company’s product and service
The Compute BackBone (CBB):
CBB is a fully managed, scalable internal cloud computing service specifically designed for high-performance computing (HPC) at J.P. Morgan.
This system allows developers to rapidly test and scale computationally intense applications by using the power of distributed cloud computing.
This is in-house cloud infrastructure, so all different technology centers across the world do not need to go out for cloud based computing. By developing this cloud infrastructure, the company reduces the dependency on third party vendor, so saves a lot of money and provides the full support and control. This does not directly impact the end business users but it definitely helps all lines of business and it demonstrates the technology innovations. This provides an advantage over competitors who still use third party for their cloud based needs.
Graphic Processing Unit (GPU):
Graphic Processing Unit (GPU) is a high-speed processor originally designed for processor-intensive commercial gaming applications, which the company uses to deliver exceptional performance to pricing...
JP Morgan Chase is a global leader in financial industry. It has footprints in more than 100 countries in the world. It’s commitment to technology and innovation is renowned, as per Business Week, it ranks among the top 50 most innovative company in the world. There is not even one single business activity which is not empowered and enhanced by the technologists.
In 2011, the company was honored in the Innovation in Banking Technology awards, by The Banker magazine. The company recently won two American Financial Technology Awards (AFTA), for the Best IT Integration (Merger) Initiative.
As per Pete Cherasia, Head of Market Strategy, “Our goal is to be the best at what we do - to be innovative, efficient and responsive to the needs of the business.”
Technologies that have affected the company, changed the company’s product and service
The Compute BackBone (CBB):
CBB is a fully managed, scalable internal cloud computing service specifically designed for high-performance computing (HPC) at J.P. Morgan.
This system allows developers to rapidly test and scale computationally intense applications by using the power of distributed cloud computing.
This is in-house cloud infrastructure, so all different technology centers across the world do not need to go out for cloud based computing. By developing this cloud infrastructure, the company reduces the dependency on third party vendor, so saves a lot of money and provides the full support and control. This does not directly impact the end business users but it definitely helps all lines of business and it demonstrates the technology innovations. This provides an advantage over competitors who still use third party for their cloud based needs.
Graphic Processing Unit (GPU):
Graphic Processing Unit (GPU) is a high-speed processor originally designed for processor-intensive commercial gaming applications, which the company uses to deliver exceptional performance to pricing...